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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 01, 1910
Page
12
A catalog of bonds and securities from numerous firms including Amesbury Ashville Athol & Orange Atlanta Northern Atlantic & Birmingham Berlin Mills Crompton & Knowles Erie Tel Georgia Elec & Light Haverhill Gas Massachusetts Electric New England Brick Yards Omaha Pere Marquette Postal Tel Texas Traction Tampa Northern Tampa Timber Union St Ry United States Finishing Western Electric Western Telp Winchendon Winona.
George Napier Towle of Thompson Towle & Co. predicts a strong 1910 as cotton and grain prices boost producers, railroads, and overall business. He expects higher copper prices with a likely consolidation of leading copper interests and closer copper production and consumption. He lists sentiment as a key driver and foresees an active early 1910 with higher copper share prices.
President William A. Gaston of the National Shawmut AM expresses cautious optimism for 1910. He cites high raw material costs and potential labor demands as factors that may temper early-year expansion but expects a prosperous year with sustained money rates, especially in New England manufacturing.
William F. Fitzgerald of Fitzgerald Hubbard & Co. forecasts a strong 1910 for copper under a unified production plan and notes concerns over ground robbing and forest wastage. He calls for Sherman law amendments, predicts higher copper share prices, and predicts continued speculative profits amid big‑player cooperation and a shift to a more businesslike policy.
Daniel G Wing, president of First National Bank, predicts a new era of prosperity for the nation. He notes rapid recovery from the panic, improving factory and agricultural output, and strong buying power if crops stay good and Washington maintains sound policy.
Burrage predicts firm money rates through 1910 as New England industries rely more on cotton wool and leather. Cotton prices hit multi year highs while mills must lock up more capital per bale. If conditions hold, manufacturers will borrow heavily but rates should remain moderate and ample credit available.
Thomas S. Dee predicts strong securities and business in 1910. He says world copper consumption is rising and surplus will shrink, boosting copper shares. He notes past price wars but reports a truce and push toward cooperation to avoid indiscriminate cuts.
The author predicts 1910 as a banner business year with confidence in Taft's presidency and a square deal for labor and industry. He notes bumper 1909 crops valued at about 8.5 billion dollars, benefiting railroads, industrials, and wages, signaling rising exports and prosperity. He welcomes the new year with cautious optimism.
The president of the Massachusetts Bonding and Insurance Company declares the period of uneasiness in business is ending and a very prosperous year in 1910 is highly probable. He cites Westward observations and improved connections as signs of approaching normal business volume, while warning against past mistakes. For Amster’s statement see Page 13, Third Column.
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